BitMEX Faces £20 Million UK Lawsuit Over Unauthorized Crypto Derivatives Sales
Software engineer Lewis Barber filed a £20 million High Court claim against HDR Global Trading Limited, owner of BitMEX, alleging it sold crypto derivatives to UK investors without FCA approval. Barber says he lost bitcoin worth £20 million from 2018 to 2022. His lawyers cite the Financial Services and Markets Act 2000, which voids such contracts. BitMEX says no claim has been served.